SECURITIES AND EXCHANGE COMMISSION
                                
                     Washington, D.C.  20549
                                
                                
                           Form 10-QSB
                                
                                
           Quarterly Report under Section 13 or 15 (d)
             of the Securities Exchange Act of 1934
                                
                                
 For Quarter ended: June 30, 1997      Commission File Number: 0-19589
                                
                                
                                
                      ARGUSS HOLDINGS, INC.
                                
            _________________________________________
                 (formerly "Conceptronic, Inc.")
        (Exact Name of Small Business Issuer as Specified
                         in its Charter)
          Delaware                                        02-0413153    
                      ____________________________
     (State of other jurisdiction of                   (I.R.S. Employer
     incorporation of organization)               Identification Number)
 
    One Church Street, Suite 302, Rockville, Maryland       20850
         ____________________________________________________
     (Address of Principal Executive Offices)              (Zip Code)

  (Issuer's Telephone Number Including Area Code:)       301-315-0027
                        ________________________


      Indicate by check mark whether the registrant (1) has filed
all  reports required to be filed by section 13 or 15 (d) of  the
Securities  Exchange Act of 1934 during the preceding  12  months
(or  for such shorter period that the registrant was required  to
file  such  reports),  and (2) has been subject  to  such  filing
requirements for the past 90 days.


Yes:   X    No:_____

     As of June 30, 1997, there were 7,278,826 shares of Common
Stock, $.01 par value per share outstanding.




                                
                      ARGUSS HOLDINGS, INC.
                                
                                
                              INDEX




     Part I - Financial Statements:

          Item 1 - Financial Statements


               Consolidated Balance Sheets (Unaudited) -
               June 30, 1997 and December 31, 1996                  3

               Consolidated Statements of Operations (Unaudited)-
               Three Months and Six Months Ended June 30, 1997 and
                June 30, 1996                                       4

               Consolidated Statements of Cash Flows (Unaudited)-
               Six Months Ended June 30, 1997 and June 30, 1996     5

               Notes to Consolidated Financial Statements
               (Unaudited)                                          6


          Item 2 - Management's Discussion and Analysis of
Financial Condition and Results of Operations                      10

     Part II - Other Information

          Items 1 through 6                                        13

          Signatures                                               14

          Exhibits                                                 15
 
                     ARGUSS HOLDINGS, INC.
                               
                   Consolidated Balance Sheets
                           (Unaudited)
                                
   Assets                           June 30, 1997        Dec. 31, 1996
                                             
Current assets:                                                  
   Cash                            $    1,555,000     $     10,318,000
    Accounts receivable, net            8,010,000            2,917,000
    Inventories                         4,977,000            4,133,000
    Other assets, current               1,025,000              339,000
           Total current assets        15,567,000           17,707,000
                                                                 
                                                                 
Property, plant and equipement, net     6,608,000            1,393,000
Goodwill and other assets              15,308,000                7,000
                                   $   37,483,000     $     19,107,000
                                                                 
   Liabilities and Stockholders' Equity                     

Current liabilities:                                             
                                                                 
   Current portion long-term debt  $      551,000     $         48,000
   Short-term borrowings                2,211,000                    -
   Accounts payable                     3,197,000            1,479,000
   Accrued expenses and other 
     liabilities                        3,159,000            1,771,000
           Total current liabilities    9,118,000            3,298,000
                                                                 
                                                                 
Long-term debt, excluding           
  current portion                       3,402,000            1,038,000   
Deferred income taxes                     481,000                   -
                                                                 
                                                                 
Stockholders' equity:                                            
   Common stock $.01 par value             73,000               57,000
    Additional paid-in capital         24,380,000           16,077,000
    Retained Earnings                      29,000          (1,363,000)
    Total stockholders' equity         24,482,000           14,771,000
                                  $    37,483,000     $     19,107,000
                                                                 
                                                                 
The accompanying notes are an integral part of these consolidated
financial statements.


                      ARGUS HOLDINGS, INC.                                
              Consolidated Statements of Operations
                           (Unaudited)
<TABLE>
<CAPTION>
                                
<S>                                  <C>         <C>         <C>          <C>
                                                      
                                          Three Months Ended        Six Months Ended
                                                       
                                        June 30,  June 30,      June 30,    June 30,
                                            1997     1996           1997        1996
                                                                
Net Sales                            12,682,000   3,630,000   21,658,000   7,560,000
Cost of sales excluding depreciation  8,251,000   2,577,000   14,765,000   5,168,000
     Gross profit                     4,431,000   1,053,000    6,893,000   2,392,000
                                                                
Expenses:                                                       
Selling, general and administrative   2,063,000     905,000    3,569,000   1,844,000
Depreciation                            240,000      86,000      448,000     168,000
Engineering and development             313,000     336,000      573,000     550,000
                                                                
                                                                
Income (loss) from operations         1,815,000   (274,000)    2,303,000   (170,000)
                                                                
                                                                
Other expense:                                                  
     Goodwill amortization              197,000          -      393,000            -
      Interest expense, net              91,000     46,000      146,000       91,000
                                                                
                                                                
Income (loss) before income taxes     1,527,000  (320,000)    1,764,000    (261,000)
                                                                
                                                                
Income tax expense                      753,000         -       372,000            -
                                                                
                                                                
Net income (loss)                   $   774,000 $(320,000)  $ 1,392,000  $ (261,000)
                                                                
                                                                
                                                                
Net income (loss) per share         $      .10  $   (.19)   $       .19  $     (.15)
                                                                
                                                                
Weighted average number                                         
of shares outstanding                7,541,000  1,700,000     7,518,000    1,700,000
</TABLE>

The accompanying notes are an integral part of these consolidated
                      financial statements.

                      ARGUSS HOLDINGS, INC.
                                
              Consolidated Statements of Cash Flows
                           (Unaudited)

                                                Six Months Ended

                                           June 30,     June 30,
                                               1997         1996
Cash flows from operating activities:                            
     Net income (loss)                $   1,392,000    (261,000)
     Adjustments to reconcile net                                
     income (loss) to net
         cash provided by (used for)                             
         operating activities:
            Goodwill amortization           393,000            -
            Depreciation                    448,000      168,000
            Changes in assets and                                
            liabilities:
               Accounts receivable        (688,000)       95,000
               Inventories                (553,000)    (961,000)
               Refundable income taxes    
               and other assets           (598,000)     (73,000)
               Accounts payable             979,000    1,101,000
               Accrued expenses and                              
               other liabilities          (822,000)    (105,000)
                  Net cash provided by                           
                  (used for) operating
                   activities               551,000     (36,000)
                                                                 
                                                                 
                                                                 
                                                                 
Cash flows used for investing                                    
activities:
      Purchase of White Mountain Cable 
      Construction Corp.                (8,879,000)           -
                                                                 
      Additions to property, plant 
      and equipment                     (1,981,000)     (50,000)
                  Net cash used for     
                  investing activities (10,860,000)     (50,000)
                                                                 
Cash flows used for financing                                    
activities:
      Proceeds from line of credit, net  2,211,000      108,000
      Repayments of notes payable        (665,000)     (21,000)
                   Net cash provided by       
                   financing activities  1,546,000       87,000
                                                                 
Net increase (decrease) in cash        (8,763,000)        1,000
                                                                 
Cash at beginning of period             10,318,000       10,000
                                                                 
Cash at end of period               $    1,555,000    $  11,000
                                                                 

The accompanying notes are an integral part of these consolidated
financial statements.

ARGUSS HOLDINGS, INC.
Notes to Consolidated Financial Statements
(Unaudited)

     A)   Restructuring

Prior to May, 1997, Arguss Holdings, Inc. (the" Company") operated
as  a single entity under the name "Conceptronic, Inc." On May 9,
1997,   the shareholders of the Company approved a plan providing
for  the  internal   restructuring of  the  Company  whereby  the
Company  became a holding company and its operating  assets  were
held by wholly-owned operating subsidiaries. Accordingly, on  May
9,  1997,  the  Company  transferred  substantially  all  of  its
Conceptronic,  Inc.  operating assets to a newly-formed,  wholly-
owned subsidiary of the Company, and the Company changed its name
to  "Arguss Holdings, Inc." The subsidiary then adopted the  name
"Conceptronic, Inc."  The Company's other wholly-owned  operating
subsidiary is White Mountain Cable Construction Corp. ("WMC").

The  Company  conducts  its operations through  its  wholly-owned
subsidiaries,  WMC  and  Conceptronic.  WMC  is  engaged  in  the
construction,  reconstruction, maintenance, repair and  expansion
of  communications  systems, cable television and  data  systems,
including  providing  aerial construction and  splicing  of  both
fiber optic and coaxial cable to major communications customers.
Conceptronic  manufactures and sells highly  advanced,  computer-
controlled equipment used in the SMT circuit assembly industry.


     B)   Basis for Presentation

As  permitted  by  the  rules  of  the  Securities  and  Exchange
Commission (the "Commission") applicable to quarterly reports  on
Form  10-QSB,  these notes are condensed and do not  contain  all
disclosures required by generally accepted accounting principles.
Reference should be made to the financial statements and  related
notes included in the Company's Annual Report on Form 10-KSB  for
the  year  ended December 31, 1996, filed with the Commission  on
March 31, 1997.

In  the  opinion  of  the  Company,  the  accompanying  unaudited
financial statements contain all adjustments considered necessary
to  present  fairly the financial position of the Company  as  of
June  30,  1997 and the results of operations and cash flows  for
the periods presented. The Company prepares its interim financial
information using the same accounting principles as it  does  for
its annual financial statements.

Research  and  development expenses incurred  and  expensed  were
$276,000 and $114,000, respectively, for the six and three months
ended June 30, 1997 and $225,000 and  $163,000, respectively  for
the six and three months ended June 30, 1996.

The  results  of  operations for the periods  presented  are  not
necessarily indicative of the results to be expected for the full
year.

The  Company  reclassified certain information  from  prior  year
financial   statements   to  conform  with   the   current   year
presentation.

     C)   Earnings per Share

Earnings  per  share  is computed based on the  weighted  average
number of common shares outstanding adjusted, when dilutive,  for
the  number  of  shares issuable upon assumed exercise  of  stock
options  after the assumed repurchase of shares with the  related
proceeds.  Earnings per share for individual quarters during  the
year may not aggregate to year to date earnings per share due  to
differences  in the number of  weighted  average shares  used  in
each reporting period's calculation and mathematical rounding.

On  May  25,  1997,   4,000,000 shares of the Company's  Class  A
Common  Stock  converted into 4,000,000 shares of  the  Company's
Common Stock.

In February 1997, the Financial Accounting Standards Board issued
Statement  of  Financial Accounting Standards No. 128,  "Earnings
Per  Share"  (SFAS  No. 128). SFAS No. 128 supersedes  Accounting
Principles  Board  Opinion No. 15 and specifies the  computation,
presentation and disclosure requirements for earnings per  share.
SFAS  No.  128  is  effective for financial statements  for  both
interim  and  annual periods ending after December 15,  1997  and
early application is not permitted. Accordingly, the Company will
apply  SFAS  No. 128 for the quarter and year ended December  31,
1997  and restate prior period information as required under  the
statement.  The Company has determined that if SFAS No.  128  had
been  applied for the six months and three months ended June  30,
1997  the impact on earnings per share as currently stated  would
be immaterial.

     D)   Taxes

During  the six months ended June 30, 1997, the Company  reversed
the  valuation allowance previously recorded against  the  entire
deferred  tax  asset  of approximately $554,000.   Based  on  the
weight  of evidence available, management determined that  it  is
more likely than not that the deferred tax asset will be realized
at a future date.  During the six months ended June 30, 1997, the
Company  also recorded current tax expense of $926,000  based  on
its  estimated  annual  effective tax  rate  applied  to   pretax
income.

     E)   White Mountain Cable Construction Corp.

In  the first quarter of 1997, the Company acquired WMC which  is
engaged in the construction, reconstruction, maintenance,  repair
and  expansion  of communications systems, cable  television  and
data   systems,  including  providing  aerial  construction   and
splicing  of  both  fiber  optic  and  coaxial  cable  to   major
communications customers.

The purchase price was approximately $17,200,000 and consisted of
1,571,326 shares of  Common Stock, $ .01 par value per share,  of
the Company and approximately $8,642,000 in cash. The Company has
classified as goodwill approximately $15,700,000 which represents
the  cost  in excess of the fair value of the net assets  of  WMC
which  was  accounted for as a purchase transaction. Goodwill  is
being amortized using the straight-line method over 20 years. The
Company  has  further  committed  to acquire,  during  the  third
quarter  of  1997,  a  corporate office and  operations  facility
directly from the previous owners of WMC for an acquisition price
of approximately $345,000.

     F)   Business Segment Information

The  Company's operations have been classified into two  business
segments for the three and six month periods ended June 30, 1997,
Cable   Construction   and  Manufacturing.    Summary   financial
information for the two segments is as follows:


<TABLE>
<CAPTION>
                                
                                                            June 30, 1997
<S>                                      <C>         <C>         <C>          <C>
                                            Three Months Ended        Six Months Ended
                                                                
                                                                
                                            Cable                    Cable          
                                     Construction        Mfg.  Construction        Mfg.
                                                                
Net Sales                                7,535,000   5,147,000  12,929,000    8,729,000
Cost of sales excluding depreciation     4,869,000   3,382,000   8,867,000    5,898,000
     Gross profit                        2,666,000   1,765,000   4,062,000    2,831,000
                                                                
                                                                
Operating expenses before 
depreciation (1)                           796,000   1,556,000   1,128,000    2,991,000
Depreciation expense                       184,000      56,000     330,000      118,000
Goodwill amortization                      197,000           -     393,000            -
Net interest and other expense (1)          63,000      52,000     109,000       60,000
      Pretax operating income (loss)      1,426,00     101,000   2,102,000    (338,000)
                                                                
                                                                
Capital Expenditures                     1,449,000      58,000   1,865,000       82,000
                                                                
Property Plant and Equipment, Net        5,211,000   1,364,000   5,211,000    1,364,000
</TABLE>
                                                                

               (1)  Net interest and other expense at the segment
               level  does not include corporate interest  income
               and  as  a  consequence it does not  aggregate  to
               consolidated financial amounts reported.

          G)   Litigation

On  December  13, 1991, the Company was served with  a  complaint
from  Vitronics Corporation ("Vitronics"), one of  the  Company's
competitors,  alleging patent infringement involving  its  reflow
soldering  ovens.  Vitronics sought an injunction, together  with
unspecified damages and costs.  The claim was filed in the United
States Federal District Court, District of New Hampshire.

In August 1995, the U.S. District Court issued a directed verdict
of  non-infringement  in  the Company's  favor  regarding  method
patent  #4,654,502.  Additionally, a decision was reached on  the
apparatus   patent  #4,833,301  by  a  jury  which   found   non-
infringement   on  all  past  and  current  Conceptronic   ovens.
Vitronics appealed the directed verdict on patent #4,654,502  and
the  United  States  Court  of  Appeals  for  the  First  Circuit
subsequently   reversed  and  remanded  the  case   for   further
proceeding.   A  trial on the #4,654,502 patent is scheduled  for
October 1997.

In  related  actions,  in April, 1997, the United  States  Patent
Office  ("PTO")  rejected  certain claims  of  Vitronics'  patent
#4,654,502  as being unpatentable. This decision by the  PTO,  if
upheld  on  appeal,  should terminate the  pending  lawsuit.   In
December  1996, the Company named Vitronics and its Chairman  and
CEO, James Manfield in a lawsuit, filed in Superior Court of  the
State of New Hampshire, citing malicious prosecution and abuse of
process.   The suit claims that Vitronics, when it initiated  the
1991  patent  infringement  case against  Conceptronic,  knew  or
should have known  that the suit was without merit and that claim
1  of  U.S. Patent #4,883,301 was invalid, unenforceable  and  as
consequence that the patent was not infringed.

In   the  opinion  of  counsel,  the  ultimate  outcome  of  this
litigation  cannot  presently be determined.  Management  of  the
Company believes that Vitronics' claim is without merit and  that
the  Company will ultimately prevail.  Accordingly, no  provision
has  been made in the accompanying financial statements  for  any
potential liability that might result.

                      ARGUSS HOLDINGS, INC.
        MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
               CONDITION AND RESULTS OF OPERATIONS
                                


Results of Operations

Three  Months Ended June 30, 1997 Compared to Three Months  Ended
June 30, 1996.

The  Company  had  net income of approximately $774,000  for  the
three  months  ended June 30, 1997 compared  to  a  net  loss  of
($320,000) for the three months ended June 30, 1996.  During  the
three months ended June 30, 1997 improvement in earnings was  due
primarily  to  the profitable results of WMC whose pretax  income
was  $1,426,000 and whose financial results is included  only  in
1997,  (See Note E to Consolidated Financial Statements), and  to
Conceptronic's  improved  pretax  operating  income  of  $101,000
compared to a pretax loss of ($320,000) in the comparable  period
one year ago.

Net  sales  for  the three months ended June 30,  1997  increased
$9,052,000   or   250%   to   approximately   $12,682,000    from
approximately $3,630,000 for the three months ended June 30, 1996
due  primarily  to  the acquisition of WMC  which  had  sales  of
$7,535,000  and to Conceptronic's increase in sales of $1,517,000
or  42%.  Conceptronic sales for the second quarter of 1997  were
favorably  impacted  by increased bookings  of  17%  or  $600,000
during  the  quarter as well as by a backlog  of   $2,300,000  at
March 31, 1997, an increase of 38% over the comparable period  in
1996.  The increase in Conceptronic sales resulted from concerted
efforts  to  increase  market  penetration  in  the  SMT  circuit
assembly equipment industry.

Gross  profit margin was 35% of sales for the three months  ended
June  30, 1997 compared to 29% for the comparable period in 1996.
WMC  had  approximately a 35% gross profit margin for  the  three
months  while  Conceptronic improved its margins to  34%  through
improved absorbtion of manufacturing costs by higher sales levels
with a product mix which has favorable margins.

Selling, general and administrative expenses for the three months
ended June 30, 1997 were $2,063,000 compared to $905,000 for  the
comparable period one year ago.  The increase was largely due  to
the  acquisition of WMC which accounted for $639,000 in  expenses
as  well as increased costs at Conceptronic for its new Malaysian
sales office, and other infrastructure expenditures.

Depreciation expense was $240,000 for the three months ended June
30,  1997 compared to $86,000 for the three months ended June 30,
1996  due  primarily  to WMC which had $184,000  of  depreciation
expense.

In  the  first quarter of 1997, the Company acquired  WMC  for  a
purchase  price of approximately $17,200,000 which  consisted  of
1,571,326 shares of  Common Stock, $ .01 par value per share,  of
the Company and approximately $8,642,000 in cash. The Company has
classified as goodwill approximately $15,700,000 which represents
the  cost  in excess of the fair value of the net assets  of  WMC
which  was  accounted for as a purchase transaction. Goodwill  is
being  amortized  using the straight-line method  over  20  years
resulting  in  goodwill amortization of $197,000  for  the  three
months ended June 30, 1997.

Net  interest expense for the three months ended June  30,   1997
was $91,000 compared to $46,000 for   the  comparable period one
year ago. The WMC net interest expense for the second quarter  of
1997  was $64,000.  Conceptronic's net interest expense  for  the
three  months ended June 30, 1997 increased by $6,000 to  $52,000
due to increased amounts outstanding under its credit line. These
amounts were partially offset by short-term interest income.

Income  tax expense increased from zero to $753,000 due primarily
to the profitable operations of WMC.

Six  Months Ended June 30, 1997 Compared to Six Months Ended June
30, 1996.

The  Company had net income of approximately $1,392,000  for  the
first  half of 1997 compared to a net loss of ($261,000)  in  the
first  half  of 1996. During the six months ended June  30,  1997
improvement  in  earnings  was due primarily  to  the  profitable
results of WMC whose pretax income was $2,102,000 and whose results
is included commencing   January  1,  1997.   The   increase   in
Conceptronic's pretax operating loss to ($338,000)  for  the  six
months  ended  June  30,  1997  compared  to  a  pretax  loss  of
($261,000)  in  the  comparable period one year  ago  is  due  to
increased operating expenses.  (See discussion below.)

Net   sales  for  the  first  half  of  1997  were  approximately
$21,658,000 compared to $7,560,000 for the first half of 1996, an
increase of 187%.  The increase is primarily due to WMC sales  of
$12,929,000  and an increase of $1,169,000 or 15% in Conceptronic
sales for the first half of 1997 which were favorably impacted by
increased  bookings of 14% or $1,097,000 during  the  six  months
ended  June 30, 1997. The increase in Conceptronic sales resulted
from concerted efforts to increase market penetration in the  SMT
circuit-assembly equipment industry.

Gross  profit  margin was 32% for the six months ended  June  30,
1997 compared to 32% for the same period in 1996.  WMC had a  31%
gross  profit  margin and Conceptronic improved  its  first  half
margins  to  32%  through  improved absorbtion  of  manufacturing
costs  by  higher  sales  levels with a  product  mix  which  has
favorable margins.

Selling,  general and administrative expenses for the six  months
ended  June  30, 1997 were $3,569,000 compared to $1,844,000  for
the  same  period in 1996.  The increase is largely  due  to  WMC
which  accounted  for  $922,000 of these expenses  and  increased
costs  at Conceptronic which were the result of its new Malaysian
sales office, and other infrastructure expenditures.

Depreciation expense was $448,000 for the six months  ended  June
30,  1997 compared to $168,000 for the six months ended June  30,
1996  due  primarily  to WMC which had $330,000  of  depreciation
expense.

Net  interest  expense for the first half of  1997  was  $146,000
compared  to  $91,000 for the first half of  1996.  The  WMC  net
interest  expense was $109,000 for the first six months of  1997.
Conceptronic's  expense for the six months ended  June  30,  1997
decreased  $31,000,  to $60,000, due to reduced  average  amounts
outstanding  under its credit line. These amounts were  partially
offset by short-term interest income.

Income  tax expense increased from zero to $372,000 due primarily
to  the  profitable operations of WMC. The effective  income  tax
rate  was  reduced  as  a  result of the reversing  of  valuation
allowances  previously recorded against the entire  deferred  tax
asset of $554,000.

Liquidity and Capital Resources

Net cash provided by operations for the six months ended June 30,
1997 improved to $551,000 from a net  use of cash of $36,000  for
the  six months ended June 30, 1996.  The positive impact of  the
WMC  acquisition is reflected in the $831,000 positive cash  flow
from  operations  that WMC provided during the six  months  ended
June   30,   1997.  The  negative  cash  flow  from  Conceptronic
operations for the six months ended June 30, 1997 is due  to  the
first half pretax loss in 1997 of ($338,000) and  an increase  in
inventories to support on-time reflow oven deliveries.  Net  cash
used  for  investing activities for the first half  of  1997  was
$10,860,000  compared to $50,000 in the first half of  1996.  The
increase  in  investing  activities  is  primarily  due  to   the
acquisition  of WMC as well as its capital equipment  acquisition
program to support WMC's continued sales growth.  Net cash  flows
provided  by  financing  activities was $1,546,000  for  the  six
months ended June 30, 1997 compared to net cash flows provided by
financing  activities  of $87,000 for the  comparable  period  in
1996.  The net increase reflects the  proceeds from the Company's
working capital credit lines.

The  acquisition  of WMC significantly impacted  various  balance
sheet  accounts  during  1997. Cash  declined  by  $8,763,000  to
$1,555,000  due primarily to the WMC acquisition which  had  used
net  cash of $8,879,000. Accounts receivable increased $5,093,000
primarily  due  to  the  consolidation  of  WMC  receivables   of
$4,554,000  and  the  increased quarter  end  sales  activity  at
Conceptronic. Long-term debt increased  $2,867,000  due primarily
to the addition of WMC's $2,892,000 in long-term debt.

The  Company  has $3,000,000 in revolving lines  of  credit  with
commercial  banks of which $2,211,000 was drawn down as  of  June
30,  1997  to  fund   increased  inventories  and  capital  asset
purchases.

The   Company  believes  it  has  sufficient  cash   flows   from
operations,  cash on hand, and availabilty under its credit  line
to meet its liquidity needs for the foreseeable future.



                                
                      ARGUSS HOLDINGS, INC.
                             PART II
                        Other Information
                                

     Items 1 and 3: Not Applicable

     Item 2: Changes in Securities.

On May 25, 1997,  4,000,000 shares of the Company's Class A
Common Stock converted into 4,000,000 shares of the Company's
Common Stock.

     Item 4:  Submission of Matters to a Vote of Security
Holders.

See the Company's Form 10-QSB for March 31, 1997 for discussion
of the Annual Meeting of the Stockholders.

     Item 5:  Not Applicable

     Item 6:  Exhibits and Reports on Form 8-K

          (a)  11a  Statement Regarding Computation of Per Share Earnings

               27   Financial Data Schedule

          (b)  Reports on Form 8-K
               none


                       SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.

                                            Arguss Holdings, Inc.


August 8, 1997                            By: \\Rainer H. Bosselmann
                                                Rainer H. Bosselmann
                                                Chief Executive Officer

August 8, 1997                            By:\\ Arthur F.Trudel
                                               Arthur F. Trudel
                                               Principal Financial Officer
                                               and Principal Accounting Officer